Cheung Kong (Holdings) has raised the size of a syndicated loan to $2 billion from $1.5 billion, taking advantage of easing liquidity.
A Cheung Kong spokesman confirmed the new figure and said it could be raised even further if there was a strong response to the cash call.
The increase in loan size reflected an improvement of sentiment in financial markets, providing developers such as Cheung Kong with easier access to capital for expansion.
Reports said the loan was fixed at 117.5 basis points above the Hong Kong interbank offered rate, cheaper than loans recently arranged by Henderson Land Development and Swire Pacific.
Bankers said the cheaper pricing reflected Cheung Kong's strong balance sheet.
Cheung Kong unit CEF Capital co-ordinated the loan with Cheung Kong Finance named as the borrower, backed by a Cheung Kong (Holdings) guarantee.
